Mining Service Biz
Hanwha is accelerating its global mining service business by sealing four contracts which Hanwha has pursued since last year including supplying primers and ammonium nitrate explosives to Australia, Chile, Ethiopia and Fiji at the beginning of 2017. First of all, Hanwha signed a three-year contract to supply emulsion explosives and primers to a major lithium mine, Mount Cattlin Mine in Australia.
Hanwha signed a mining service extension agreement with Whitehaven Coal Limited, a resources development company located in eastern Australia, in December last year. This contract is expected to empower the company to actively launch its global gunpowder business in western Australia this year.
In addition, the company developed a new market by signing a contract to supply primers and explosives to gold mines in Fiji of the South Pacific Ocean for three years. The company is also supplying raw materials for industrial gunpowder and is expected to pave the way for export to Fiji’s neighboring countries.
In Africa, Hanwha cut a deal to export about 3,000 tons of ammonium nitrate explosives to a major construction company in Ethiopia with a boom in SOC construction. In Chile, the company secured a stable supply chain by signing a procurement supply contract using an ammonium nitrate explosive repository.